ETF Evaluator: SP Funds S&P Global Technology ETF (SPTE) Follow This ETF

SP Funds S&P Global Technology ETF Overview

SP Funds S&P Global Technology ETF (SPTE) is a passively managed Sector Equity Technology exchange-traded fund (ETF). SP Funds launched the ETF in 2023.

The investment seeks to track the performance, before fees and expenses, of the S&P Global 1200 Shariah Information Technology Capped Index. The S&P Global 1200 Shariah Information Technology Capped Index is designed to measure the performance of global large-cap equity securities within the information technology sector that pass rules-based screens for adherence to Shariah investment guidelines, with a cap applied to ensure diversification among companies in the index. Under normal circumstances, at least 80% of the fund’s total assets will be invested in the component securities of the index. It is non-diversified.

About SP Funds S&P Global Technology ETF (SPTE)

There are 3 members of the management team with an average tenure of 1.17 years: Andrew Hicks (2026), Qiao Duan (2026) and Naushad Virji (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Glb 1200 Shrh Sec/Info Tech 10% Cpd index with a weighting of 100%. SP Funds S&P Global Technology ETF has 108 securities in its portfolio. The top 10 holdings constitute 64.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

SP Funds S&P Global Technology ETF is part of the Equity global asset class and is within the Sector Equity ETF group. SP Funds S&P Global Technology ETF has 42.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 55.8% There is 42.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). SP Funds S&P Global Technology ETF has 1.5% of the portfolio in cash.

Assets Under Management

The fund has $211 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SPTE Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SP Funds S&P Global Technology ETF expense ratio is average compared to funds in the Technology category. SP Funds S&P Global Technology ETF has an expense ratio of 0.55%, which is 2% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. SP Funds S&P Global Technology ETF has a portfolio turnover rate of 31%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Technology category.

Recently, in the month of July 2026, SP Funds S&P Global Technology ETF returned -8.1%, which earned it a grade of C, as the Technology category had an average return of -9.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

SP Funds S&P Global Technology ETF has a trailing yield of 0.75%, which is above the 0.45% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

SP Funds S&P Global Technology ETF Grades

Year to date, the ETF has returned 27.5%, 6.2 percentage points better than the category, which translates into a grade of B. The fund has returned 43.7% over the past year (grade of B).

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